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Global surgical robots market anticipated to reach $14.7 billion by 2024

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DUBLIN--(BUSINESS WIRE)--The "Global Surgical Robots Market: Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2024" report has been added to Research and Markets' offering.

The Global Surgical Robots Market is accounted to reach USD 14.7 billion by 2024 from USD 5.2 billion in 2016, it is growing at a CAGR of 13.7% in 2017 to 2024.

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The report covers the present scenario and the growth prospects of the Global Surgical Robots market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.

The major factors driving the growth of this market are the rising prevalence of chronic diseases such as cardiovascular diseases, growth in demand for minimally invasive surgeries. On the other hand, high cost of equipment and surgery, high entry level cost may hinder the growth of the market.

The global surgical robots market is segmented into three types, namely instruments, robotic systems, and accessories and services. In 2017, the instruments segment is expected to dominate the market with a share of 57.8% and is expected to continue this trend till 2024.

On the basis of application, the market is classified into general surgery, urological, gynaecological, gastrointestinal, radical prostatectomy, cardiothoracic surgery, colorectal surgery, radiotherapy and others.

In 2017, the general surgery segment is expected to dominate the market and is expected to continue this trend till 2024.

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